Tara Chand InfraLogistic Solutions Limited has informed the Exchange about Transcript
TARACHAND · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Tara Chand InfraLogistic Solutions reported its highest-ever annual revenue of INR2,848 million for FY '26, up 15% year-on-year, with EBITDA of INR1,067 million growing 27%. The company significantly expanded EBITDA margins by ~400 basis points to 37.05%. Equipment rental (Segment A) drove growth with 23% YoY increase and 62% standalone EBITDA margin. The company added 59 new machines to its fleet (now 427 machines), deployed INR1,434 million in capex, and received a credit rating upgrade from CARE Ratings. FY '26 missed management's Q4 revenue target by ~INR10 crores due to project execution delays and delayed ramp-up at the new Dankuni Stockyard. The company guided for 20-25% annual growth over the next 3 years, with FY '27 capex of INR80-100 crores, maintaining EBITDA margins of 37-38% and net debt-to-equity below 1.
Strong margin expansion and cash generation (Cash PAT up 27%) demonstrate operational leverage from prior capex investments. The 400 bps EBITDA margin improvement validates management's strategy of focusing on high-yield specialized equipment rentals over lower-margin EPC projects. However, higher depreciation (up 36%) and finance costs (up 43%) will continue to constrain PAT growth in the near term.